Next Insurance

Acquired

Tailored business insurance. Zero hassle. Big savings.

Palo Alto, United States · Founded 2016 · $1.1B raised

Employees
501–1000
Founded
2016
Business Model
B2B
Total Funding
$1.1B
Last Round
$265.0M Series EOct 2023
Rounds
6
Acquisition Date
Mar 2025

About

Digital insurance platform providing tailored, instant coverage for small businesses across 1,300+ professions including general liability, workers’ comp, and professional liability. Now ERGO NEXT, it offers easy online quotes, certificates, and support with high customer ratings.

Summary

Next Insurance is a Fintech company based in Palo Alto, United States, founded in 2016. It has raised $1.1B in total across 6 rounds, most recently a $265.0M Series E round in Oct 2023. Investors include Munich Re Ventures, Allstate and CapitalG.

Tech & App Stack

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Funding History

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AcquisitionAcquisition by ERGOMar 2025

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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.

Investors

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